Filing ITR After the Deadline
In the world of taxes, it’s crucial for taxpayers to know the consequences of missing the Income Tax Return (ITR) filing deadline. The Income Tax Act, of 1961, has a […]
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GSTR-1 & GSTR-3B Filing Mistakes to Avoid
The Goods and Services Tax (GST) regime in India mandates businesses to comply with tax regulations by filing two types of GST returns: GSTR-1 and GSTR-3B. These returns play a […]
Payroll Deductions in UAE
In the United Arab Emirates, the wages of employed staff members undergo specific deductions, which can be categorized as either mandatory or voluntary. These deductions play a crucial role in […]
GST on life insurance policy
Prior to the introduction of the Goods and Services Tax (GST) on life insurance policies, premiums for such policies were subject to various service taxes, which included the Basic Service […]
Comprehensive Guide to DIR-3 KYC
In 2018, the Ministry of Corporate Affairs (MCA) of India took a significant step towards enhancing transparency within the corporate sector by introducing the DIR-3 KYC compliance mandate. Aimed at […]
Permissible Deductions in UAE CT
In accordance with the corporate tax law set forth by the Authority, a taxable individual has the opportunity to avail certain deductions on their income during a specific tax period. […]
Home Loan Interest Deduction in ITR
Owning a home is a dream for many individuals, and with the availability of home loans, this dream has become more accessible. Besides the joy of homeownership, there are additional […]
ITR: Deadlines & Penalties
Fulfilling the obligation of filing Income Tax Returns (ITR) is of paramount importance for every taxpayer in India. The government has imposed specific deadlines for ITR filing, making it imperative […]
Penalties: 60% Fine for Cash Deposits
In the vast landscape of India’s financial system, the rules and regulations surrounding cash deposits and withdrawals in banks are characterized by a robust framework to ensure transparency, accountability, and […]
Claim HRA Exemption in ITR
As you are likely aware, House Rent Allowance (HRA) is a valuable benefit provided to salaried employees, forming a significant component of their overall compensation package. This allowance serves a […]
Exports & Imports under VAT in UAE
The United Arab Emirates (UAE) stands as the leading exporter among all the GCC States, with its primary exports encompassing electronics, precious metals, and stones. Globally, the UAE ranks as […]
GSTN Verified E-Invoice App with QR Code
In its commitment to streamlining and ensuring precise e-invoice verification, the Goods and Services Tax Network (GSTN) has developed a highly efficient application called the GST E-Invoice QR Code Verifier. […]